Asset Management 101

     13 Sep 2016      220 - 1651 Commercial Drive, Vancouver      CHF BC event
We’re usually focused on the present — getting through the day, the week, the month. It’s often hard to set aside time to think about the longer term. But whether we’re hoping to… Read more

We’re usually focused on the present — getting through the day, the week, the month. It’s often hard to set aside time to think about the longer term. But whether we’re hoping to travel somewhere for a vacation, continue our educations, or prepare for retirement, we need to devote time and resources to making plans for the future. The same is true of course for co-ops, although the numbers tend to be bigger (and sometimes more frightening!)Asset Management 101 will take a look at why planning is important, why three-to-five year plans are insufficient, and what general principles need to be taken into account when working to secure your co-op’s ability to provide good housing that meets members’ needs now and for decades to come.Through this workshop, participants should:Learn the critical factors to consider in developing a long-term plan(renewal needs, member wants, financial capacity, etc.)Consider options in how to regard renewal/capital schedulesRemember the connections between maintenance practices and the need for renewalReview strategies for paying for capital projects (saving, borrowing, obtaining grants)This workshop will include discussions and the opportunity to ask questions.Everyone is welcome to join us – particularly your board and committee members with a special interest in long-term planning. The session should act as a good complement to the Maintenance 101 workshop held earlier in the year.This workshop is part of a series of scheduled workshops in Vancouver in 2016. Workshop facilitator: Michael Rodgers leads CHF BC’s asset management planning team and has been the Federation’s Director of Co-op Viability for the past four years. Over the last two years, more than 50 co-ops have made use of the Federation’s long-term planning services, working with engineers and developing integrated financial plans.Fee: CHF BC Members: $49.50 – $65 per person  (maximum 4 people per co-op)Non-Members: $260 per person